Infra-Annual Labor Statistics: Unemployment Rate Male: From 55 to 64 Years for Australia
Annual, Seasonally Adjusted
LRUN55MAAUA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.14
Year-over-Year Change
-15.62%
Date Range
1/1/1979 - 1/1/2024
Summary
The Annual, Seasonally Adjusted trend measures the civilian labor force participation rate in the United States on a yearly basis, adjusting for seasonal variations. This metric is a key indicator of economic activity and labor market health.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The civilian labor force participation rate represents the proportion of the civilian non-institutional population that is either employed or actively seeking work. Economists and policymakers closely monitor this trend to assess the strength and composition of the U.S. labor market.
Methodology
The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Historical Context
Labor force participation is a critical input for economic analysis and policy decisions related to employment, wages, and workforce development.
Key Facts
- The U.S. labor force participation rate was 62.4% in 2022.
- Participation rates vary by age, gender, and educational attainment.
- Labor force participation is influenced by demographic shifts, economic conditions, and policy changes.
FAQs
Q: What does this economic trend measure?
A: The Annual, Seasonally Adjusted trend measures the percentage of the civilian non-institutional population that is either employed or actively seeking work in the United States on a yearly basis, adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of the strength and composition of the U.S. labor market, providing insights into employment, workforce participation, and economic activity.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey, a monthly household survey conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Labor force participation is a critical input for economic analysis and policy decisions related to employment, wages, and workforce development.
Q: Are there update delays or limitations?
A: The Annual, Seasonally Adjusted data is published by the Federal Reserve with a typical lag of a few months.
Related Trends
Infra-Annual Labor Statistics: Unemployment Male: From 15 to 24 Years for Australia
LFUN24MAAUA647S
Infra-Annual Labor Statistics: Working-Age Population Male: From 55 to 64 Years for Australia
LFWA55MAAUQ647N
National Accounts: GDP by Expenditure: Current Prices: Private Final Consumption Expenditure for Australia
NAEXCP02AUQ189S
Production: Manufacturing: Total Manufacturing for Australia
PRMNTO01AUQ156S
Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Australia
LFEM55TTAUA647S
Hourly Earnings: Manufacturing for Australia
LCEAMN01AUQ661N
Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (LRUN55MAAUA156S), retrieved from FRED.